Bank for borrowers: Understanding the Global Annual Effective Rate

Bank for borrowers: Understanding the Global Annual Effective Rate

Do you intend to take out a loan? Your bank must give you a proposal on which you will find a sometimes incomprehensible precision: the annual percentage rate of charge (APR). This term, usually followed by a percentage, you could also find on advertisements or leaflets touting the offers and other conditions of credit institutions. The Annual Percentage Rate intrigues […]